The issue will open on August 1, 2025, and the last date for on market renunciation of rights entitlement will be August 6, 2025
The Board of Directors of Spandana Sphoorty Financial approved a rights issue for up to ₹400 crore at a price of ₹230 per share including a face value of ₹10 and a premium of ₹220 per share.
The company will issue 1.74 crore shares for which the record date is July 24, 2025. The issue will open on August 1, 2025, and the last date for on market renunciation of rights entitlement will be August 6, 2025.
Eligible shareholders should ensure that renunciation through off market transfer is completed in such a manner that the rights entitlements are credited to the demat accounts of the renouncees on or prior to the issue closing on August 11, 2025, the company informed BSE.
The payment will be structured in installments, with ₹115 payable on application, comprising ₹5 towards face value and ₹110 towards premium.
The remaining amount will be collected through one or more subsequent calls, as determined by the Board or Capital Raising Committee, to be completed on or before March 31, 2027, unless extended.
Prior to the rights issue, the company has 7.13 crore equity shares. Post the rights issue, the number of equity shares will increase to 8.87 crore, assuming full subscription.
Published on July 18, 2025